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November 14, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Canton, Business Loans > Rbs Citizens Canton Business Loans > Convenience Stores Loan | ||||
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Raising Money in Salem, Ohio With SBA Loans
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Convenience Stores SBA LoansLooking for SBA loans for convenience stores? An SBA loan may be just what you've been looking for. This $66,549 convenience stores loan was issued by an Ohio bank. Getting a small business loan in Salem, Ohio was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Rbs Citizens, operating out of Canton, Ohio. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender RBS CITIZENS This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445120 - Convenience Stores Loan Approval Date 9/27/2005 Loan Approval Gross Amount $66,549 Loan Approval from the SBA Of the total $66,549 loan amount, the SBA guaranteed $56,566. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Obtaining Funding From a Venture Capitalist SBA 7A Lenders in Canton, Ohio
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